Congressman Clarke says he wants to focus on financial security for Americans.

"That means good jobs, investing in research and education but also helping people get out of debt."

"We can not allow the government to default on its loans. If we default on our government debt the treasury rates are going to go up and all other loan interest rates are tied to that. That means your adjustable rate mortgage, that's going to go way up and that could force people out of their homes."